Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1887-07-26
THE NEW STEAMSHIP LINE.

THE NEW STEAMSHIP LINE.
The Project Received with Re l0icing
at DHluth-A Good business Enter
prise Dimensions OF the steamers.
Duluth, July 22-The building of the
new boats for the Manitoba company,
for whether 1t is for the railroad COM
pany direct or for new company with
MIR. Hill at its head, it is practically the
same thing, is received by grain men
here es good news, and will have ten
dency to bring even more wheat here
than is now handled by the Manitoba
company at Duluth, 1t Is also the
beginning of new era in the ownership
of lake vessels. Heretofore Gil the big
lake carriers running to Duluth have
been owned by parties living on tho
the lower lakes, and they have been
growing richer and richer in carrying
Duluth freights. 1t has often been the
subject of remark that Duluth moneyed
men ought to put pert of their invest
ments in vessel property, especially
as SO much traffic is furnished
here. Now that beginning in the veg
sci business has been made by Minneso-
to capitalists, 1t will naturally follow
that others will profit by their example.
The present season the vessel property
on the lakes is paying big dividends, es-
timated as high as 40 per cent. With
these vessels there is no doubt but the
Manitoba can control large amount of
business with which it must complete
with other roads, and other Northwest.
ern railroads entering Duluth can we'll
| afford to follow their example. The Du.
luth d. Iron Range and Minnesota lion
company will also, probably, control
large portion of the vessel capacity need
ed to transport ores from the Vermillion
| by another season. The Northern Psci-
| tia and st. Paul s. Duluth furnishing, as
they do. so much freight to lake boats,
could, with advantage, follow the Mani
TOBIAS example, and gain point on RI
/ yals by investing in line of steamers and
| there seems much reason Why syndl-
cate of Duluth grain shippers would
find money. as we'll as advantage over
shippers from other places, IN having
an interest In the boats which carry
their wheat to market. There is also
reason why line OF passenger boats
owned in Duluth and the northwest, and
running to lower ports would be good
Investment. All passenger boats are
also prepared to carry a large amount of
freight, and compete with the large car
riers. Summer travail has become SO
| great that there is now CROUCH business
to support another fine line between
here and Buffalo. Every trip the Lake
Superior transit line boats turn away
scores OF travellers, aud 1t is necessary
to engage passage days ahead on the
best boats. The lake trip is fast becom-
ing the most popular OF all summer
tours for people in the middle states, and
with increased places of resort and
summer hotels in the northwest
travel this way by lake will
increase many fold. Within two
il years 1t will take two large fine boats
every day to take care of travel between
Buffalo, Cleveland, Detroit and Ashland
and Duluth. Private information from
/ Cleveland confirms the report that j. j
Il Hill has contracted with the Globe Iron
company for those steamers.
4 From eastern papers it is learned tina
the new boats 10 be built by the Globe
Iron works for the Manitoba company
are to cost $220,000 each. They are to
be built after one model, 80 feet one,
all, 1896 feet keel, 40 feet beam and "a
feet nodded depth, with triple expansion
! engines; diameters of cylinders. "a, IS
and 60 inches, by AZ inches depth
Sseam will be furnished by two boilers
each containing three furnaces, and with
a working pressure OF l50 pounds.
I The steamers will carry 10000 bushelt
/ OF wheat, and when the line is com.
! pleted it is reported that it will COM
prise twelve steamers and twelve con.
sorts. The costs OF the consorts will be
S175 ,000 each, SO that the whole line
will cause an outlay Of over $4 100000
J The steamers will be very fast, SO tina
they can make round trips in ten days
II st, Paul Pioneer Press: President J
j. Hill, of the Manitoba, was seen yester
day by Pioneer Press reporter ant
asked if be had any information to i'm.
! part about the proposed new line 10
steamers. He replied that he had NIT
that the experts had probably got thing
confounded as some other capitalists, b,
did not remember who, were arranging
, Ito build some boats. When asked
, i"Do you then authorize denial of th,
story| He replied, with gesture dis
missing the subject: "Our compan.
has nothing to do with it,"
I